Most small business franchise opportunities require investors to have a minimum net worth as well as liquid capital to invest. A typical small business franchise opportunity accepts applications only from investors with $250,000 net worth. Some franchise owners want only investors who are worth $500,000 or more. As far as liquid capital, many small business franchise opportunities take only $20,000, but many take $50,000, $75,000, $125,000, or more.
A myriad of small business franchise opportunities are available for those who would like to begin their own small business, from those that repair water damage in basements that have been flooded to day care centers. Most small business franchise opportunities are a true business opportunity because they have many other franchisees making profits from their businesses.
Franchisors do much more than collect the fees when they sell a franchise to an investor. Some of the top companies offer two or three weeks of training at their main business site. For example, one massage and spa business provides three weeks of training to investors. The training program teaches all facets of the business, and investors experience all of the spa treatments while they are there, including massages, facials, and waxing. When the three week training has been completed investors travel next to a spa classroom for one more week to learn more about customer service, hiring massage therapists, and running their business. Finally, investors spend the last week of training at a working spa that is located nearby their home city. The franchisor then helps the new business owner with a grand opening celebration, including how to advertise for the big event.
Some small business franchise opportunities are advertised as part-time jobs for those who want to begin a small business with little time to invest. One tutoring franchise claims that for 20 hours per week, a tutoring business can be profitable for the owner. The franchisor will assist the franchisee in choosing the best location and will also help with arranging the interior offices. In addition, they will train the new staff, help the new franchisee know how to find good tutors, help with enrollment, and facilitate the grand opening celebration. The new owner is not responsible for collecting tuition from students because the franchisor does that as well. When the business is established, support is still available for the new owner through ongoing training and video conferencing with the franchisor.
With the fitness trend becoming more popular each year, more small business franchise opportunities are cropping up. To buy a fitness center franchise, the owners say that it is not necessary to be a body builder or fitness expert. They will provide all the information that the new owner needs.
One fitness franchise sells nutritional protein shakes and provides fitness training at the same location. Last year, the meal replacement business was a $22 billion industry in the United States, so people are definitely spending money on these items. To purchase this franchise, the buyer must have $250,000 in net worth and at least $50,000 in liquid assets to invest. The franchisor will provide a five-day training session to teach the new business owner how to operate the fitness business.
Another small business franchise opportunity is a handyman service. This business provides small repair and carpentry jobs around the house. Almost any repair can be provided, from replace a lock or door knob to larger jobs, such as repairing a roof. The franchisor trains the new business owner to hire workers who are experts in repairs, and it is not necessary for the owner to know how to do the work – only to hire the right workers for the job.
